Roper Technologies, Inc. (NYSE:ROP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $622.30.

Several research analysts have recently issued reports on ROP shares. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st.

Roper Technologies Trading Up 0.8 %

Shares of NYSE ROP opened at $577.04 on Thursday. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The firm has a market capitalization of $61.88 billion, a P/E ratio of 40.24, a P/E/G ratio of 2.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company’s 50 day simple moving average is $539.96 and its 200 day simple moving average is $546.84.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of Roper Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the fourth quarter worth $26,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter worth about $28,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 4th quarter valued at about $38,000. Finally, Parvin Asset Management LLC bought a new position in Roper Technologies during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.